Saving Account

If your goal is to save as much as possible whilst in Dubai and then bail out, HSBC have a savings plan which pays about 6% I think.
I assume that there are conditions wrt minimum monthly instalments etc but I don't know exactly because I spend all of my salary and don't have one of these accounts.

Location: take a left at the Bebsi interchange, that is the Bebsi interchange

Reply

Jul 09, 2007

Only fixed deposit can give you some interests.
Unless your savings is millions of Dirhams, it's not worth it to expect interests from only savings account, which normally only around 1%/pa (and that would be paid every quarter/half year!).